increase in college price

The price to go to college has risen over the years. The question is: “Why?” Sure, inflation has to do with it, but what else is causing how much we pay to increase? While some people at universities may be overpaid, there are other more widespread causes as to why college tuition is rising. Colleges seek to only benefit themselves from their students’ hard work. This is done by having students attend the university, graduate and get a good paying job, then make generous donations back to their Alma Mater. Colleges have the best chance of achieving this by attracting as many students to their university as possible. Colleges are simply in a war over who has the most students because it gives them a greater chance to graduate students who will go on to have prestigious positions in life which the college can proudly say they have produced. Colleges compete to attract students by producing more that is outside of the classroom. Colleges have lost their focus on their original purpose of educating people at a higher level so that those people might be able to apply for a better job to have a better life. Colleges nowadays are more selfish by wanting to be the best with their athletic facilities and student services in order for students to come to their institution. The cost of college for students has also increased due to government funding’s inability to keep pace with the rising cost to attend an institution. The cost of college is due to the fact that colleges are seeking prestige rather than quality education of their students, and put the price on the people who are willing to pay it to go to a reputable school.

Higher education costs have been rising for years and compared to how the prices of other goods have risen, there is a significant difference in how much those prices had risen. From 1985 until now, the costs for higher education had risen in excess of 500%. Compared to other goods and services, this is absolutely significant. Medical costs have risen in excess of 280% and 120% in the consumer price index. This rise in higher education costs, further exacerbates the problem of the inequality and income gaps. If a family is unable to pay for college, this can inhibit that child’s ability to further his education and have a higher paying job. This then has a compounding effect on further and later generations. There are efforts from politicians to lower or slow the rising costs for education, however these efforts have not made much of a difference. The question now is, are students and kids getting what they paid for? Are the jobs kids are receiving after college, making up for the significant prices?